Greenville Office Market Report
By CREhunt Research · Data through Q2 2026 · Aggregated from Cushman & Wakefield, CBRE, Colliers
Quarterly office market indicators for Greenville, aggregated by CREhunt from Cushman & Wakefield, CBRE, Colliers. As of Q1 2026, average asking rent was $27.44/SF/yr and vacancy was 9.6%, per CBRE.
Projected current office pricing — Greenville
Modeled estimate (income approach) shown as a range — not an appraisal. No market-specific cap rate is published for Greenville office yet, so this applies the typical cap rate across comparable office markets — treat it as a rough, indicative range that sharpens as sourced cap rates arrive. Projected asking rent × occupancy × net-operating-income margin band ÷ a benchmark cap rate, from Q1 2026 CBRE asking-rent data (benchmark cap rate 6.5%–8.6%, asking rent trend-adjusted to today). Assumes ~90% occupancy and a 50–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q2 2026 Cushman & Wakefield | — | — | 50 SF | — | Cushman & Wakefield |
| Q1 2026 CBRE | $27.44/SF/yr | 9.6% | 107K SF | — | CBRE |
| Q3 2025 Cushman & Wakefield | $25.11/SF/yr | 10.1% | — | — | Cushman & Wakefield |
| Q1 2025 Cushman & Wakefield | $23.60/SF/yr | 11.1% | -69K SF | — | Cushman & Wakefield |
| Q4 2022 Cushman & Wakefield | $23.60/SF/yr | 1.9% | 62K SF | — | Cushman & Wakefield |
| Q4 2019 Colliers | — | 9.3% | 0 SF | — | Colliers |
Office asking rents by submarket
The newest asking rent a named brokerage's report published for each Greenville office submarket, with its publisher and quarter. Submarkets whose newest figure cannot be attributed, or falls outside a plausible range, are left out.
| Submarket | Asking rent | Source |
|---|---|---|
| Greenville CBD | $29.68/SF/yr Cushman & Wakefield · Q3 2025 | Cushman & Wakefield, Q3 2025 |
| Northwest Greenville | $26.36/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Pickens County | $15.00/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Southeast Greenville | $22.87/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Southwest Greenville | $16.00/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Spartanburg CBD | $25.87/SF/yr Cushman & Wakefield · Q3 2025 | Cushman & Wakefield, Q3 2025 |
| Spartanburg Suburban | $17.50/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
Frequently asked questions
- What is the average asking rent for office space in Greenville?
- As of Q1 2026, the average asking rent for office space in Greenville was $27.44/SF/yr, per CBRE.
- What is the office vacancy rate in Greenville?
- The office vacancy rate in Greenville was 9.6% as of Q1 2026 (CBRE).
- Where does CREhunt's Greenville market data come from?
- This report aggregates quarterly office market data for Greenville from Cushman & Wakefield, CBRE, Colliers.